The S&P 500 index has declined by 22.7% year to date, but strategists at Goldman Sachs think it’s still too expensive. The large-cap index started the year with a price-to-earnings (P/E) ratio of...
Tag: Earnings
‘Material risk’ looms over stocks as investors face bear market’s ‘second act’
Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Morgan Stanley Weal...
Dow Jones Surges 600 Points As Bank Of America Jumps On Earnings; Apple Called Top Pick
The Dow Jones Industrial Average rallied as much as 600 points Monday, as Bank of America jumped on better-than-expected earnings results. Meanwhile, Apple stock climbed after Morgan Stanley called th...
Can AT&T earnings help stop the stock’s ‘bleeding’?
Telecommunications names are usually seen as defensive in periods of economic stress, but that hasn’t played out recently. Can AT&T Inc.’s upcoming earnings report help change the tone? AT&T’s...
Verizon has hit a speed bump, but earnings could show a better road ahead
For Verizon Communications Inc., the pain likely isn’t over yet. After posting net losses of wireless retail postpaid phone subscribers in its consumer business during each of the past two quarters, V...
Bank of America Stock Leaps On Q3 Earnings Beat, Solid Loan Growth
Updated at 9:33 am EST Bank of America (BAC) posted better-than-expected third quarter earnings Monday, with solid net interest income gains offsetting the impact of big jump in provisions for bad l...
is it a buy ahead of earnings?
Asos (LON: ASC) share price plunged by more than 11% on Monday as worries about the company continued. The stock plunged to a low of 470p, which was the lowest level since February 2010. It has surged...
Stocks rally ahead of big Q3 earnings week
U.S. stocks soared early Monday as investors assembled for a big week of corporate earnings. The S&P 500 (^GSPC) rallied 2.1% at the start of the session, while the Dow Jones Industrial Average (^...
Bank of America beats earnings target as net interest income and revenue rise
Bank of America Corp. BAC, +0.03% shares rose 2.4% in premarket trades Monday after the megabank topped earnings and revenue estimates. The bank said its third-quarter net income fell to $6.58 billion...
Bank of America (BAC) Q3 2022 earnings
Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Ge...
Stock market’s wild gyrations put earnings in focus as inflation crushes Fed ‘pivot’ hopes
Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes by the Federal Reserve, which in turn is undermining the U.S. corporate earnings outlook for 2023 and ...
Kroger-Albertsons Merger Would Create a Big Player in Retail Advertising
The proposed merger of Kroger Co. and Albertsons Cos. would reshape the U.S. supermarket industry by combining its two largest operators. It also would create a big player in so-called retail media, o...
These NASDAQ Bank Stocks Are Hitting New 52-Week Highs
Bank Building getty Despite higher interest rates and expectations of even higher interest rates, these NASDAQNDAQ -traded bank stocks established new 52-week highs this week. This is remarkable and u...
What bank earnings tell us about how consumers are doing with high inflation, recession worries — ‘It’s not a crack in current numbers’
For all the worries about inflation’s pinch and the chance of a recession, just-released earnings reports from big banks indicate the wallets of many regular Americans are generally holding up as they...
Plug Power Stock Drops On Revenue Shortfall
Plug Power stock fell on Friday after the fuel-cell company said its annual revenue would be lower than expected because of supply-chain problems. Revenue for 2022 will be 5% to 10% lower than the $90...
Airline Stocks Have Struggled. Here Are a Few Highfliers.
Some airline stocks trade at five times projected earnings. Why so expensive, you might be wondering. The group’s reputation on capital preservation at the moment ranks somewhere between damaged and U...
S&P 500: 11 Stocks Are Primed To Blow Away Earnings Expectations
Want to put an S&P 500 investor in a good mood during earnings season? A huge earnings surprise would do it — and a few companies have a knack for reliably pulling that off. X Eleven companies in ...
Dow Jones Futures: New Market Rally Attempt Already Reeling; Netflix, Tesla Earnings Ahead
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. X The main indexes had a wild week, with the major indexes breaking to bear market lows before rebound...
Jim Cramer reveals his favourite after day 1 of bank earnings
Wells Fargo & Co (NYSE: WFC) reported lower-than-expected profit for its fiscal third quarter on Friday. Shares still closed the regular session up about 2.0%. Cramer picks Wells Fargo over rivals...
Jim Cramer recaps 4 major banks’ earnings reports
CNBC’s Jim Cramer on Friday offered investors his thoughts on the major banks that reported earnings this week. “If the whole market hadn’t already roared yesterday, I think we could...
Take any chance to sell stocks in busy earnings week
CNBC’s Jim Cramer on Friday advised investors to take any chance to sell stocks next week as the busy earnings season continues. “The market’s dominated by the tick, tick, tick of bo...
Elon Musk lights blaze of speculation over gonzo share buyback a week before Tesla Q3 earnings
All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word. A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growt...
Stock futures waver amid earnings reports from financial heavyweights
U.S. stocks erased gains Friday in early-session trading amid more inflation views. S&P 500 (^GSPC) up 0.6%, while the Dow Jones Industrial Average (^DJI) edged higher 0.6%. The technology-heavy N...
Wells Fargo WFC Q3 2022 earnings
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo said Friday that it is still seeing historically low loa...
Citigroup (C) earnings Q3 2022
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup reported stronger-th...
Stocks making the biggest moves premarket
Check out the companies making headlines before the bell: Albertsons (ACI) – Albertsons lost 4.1% in the premarket after announcing a merger deal with supermarket rival Kroger (KR). Albertsons surged ...
These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year
This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...